Ethereum Push Notification Service
|All Time High:|
|Market Cap: |
|The price of #PUSH today is $0.32 USD.|
The lowest PUSH price for this period was $0, the highest was $0.319, and the current live price for one PUSH coin is $0.31937.
The all-time high PUSH coin price was $8.95.
Use our custom price calculator to see the hypothetical price of PUSH with market cap of BTC or other crypto coins.
|The code for Ethereum Push Notification Service crypto currency is #PUSH. |
Ethereum Push Notification Service is 1.5 years old.
|The current market capitalization for Ethereum Push Notification Service is $10,100,368.|
Ethereum Push Notification Service is ranked #547 out of all coins, by market cap (and other factors).
|There is a medium daily trading volume on #PUSH.|
Today's 24-hour trading volume across all exchanges for Ethereum Push Notification Service is $469,498.
|The circulating supply of PUSH is 31,626,404 coins, which is 32% of the total coin supply.|
Join Us for the ETHBogotá 2022 Hackathon
We’re partnering up with the wonderful ETHGlobal team (again!) to bring you a new hackathon — ETHBogotá, and let’s build something cool with Push over Devcon week!. — A few weeks ago, we teamed up with our frens at ETHGlobal for a month-long ETHOnline hackathon with thousands of builders hacking from across the world. As expected, all the hackers delivered impressive work. Now, it’s ETHBogotá time! This Friday, we’re challenging you to surprise and inspire the community with your projects — at the largest web3 hackathon in LATAM’s history and pushing new boundaries in web3 communication! — Prizes and Ideas 💡 - We’ll be awarding multiple prizes totaling $10k for the best and most creative use cases using Push: 🥇1st Prize — $3,500, 🥈2nd Prize — $2,500, 🥉3rd Prize — $1,500, ✨Runner up x5 — $500 each, Since Push mainnet went live earlier this year, we’ve seen builders from the web3 ecosystem, such as ENS, dYdX, EarniFi, Oasis, Lens Protocol, and more, build a variety of creative and useful use cases with Push. For more inspiration, here’re some product requests and sample use cases to get your wheels turning: 💰 DeFi: Provide transactional updates with push notifications., 🏦 DAO: Increase voting turnout using notification alerts., 🎨 NFT and GameFi: Enable direct communications between players and platforms with simple notifications., 🔧...
Push Going Big on Polygon with Frens
Seven protocols have joined Push to bring better UX to the Polygon Ecosystem.. — Push Protocol has recently launched on Polygon with Lens being the official launch partner. Today, we are excited to announce, some old, and some new friends are combining forces with Push to grow and strengthen their presence in the Polygon ecosystem. In today’s post, we are going to explore some of the use cases of these frens supported by Push. — Decentralized Finance (DeFi) Provides Transactional Updates with Push Notifications - DeFi has proven itself to be a key pillar of web3 since the start of DeFi Summer. Every day, tens of thousands, if not hundreds of thousands of people are executing transactions, buying & selling, borrowing & lending, yield farming, and doing all kinds of activities on various dapps. Even though there have been major developments and upgrades on the application level and the smart contract level, UX still remains one of the main friction points. Users need to keep themselves informed about the projects they are trading on via Twitter, Discord, and Telegram. If users forget to check updates for some time, god forbid their loan might be liquidated or their position might be closed out because of some unexpected events that happened when they weren’t checking. This is where notifications come in handy and why Push is very proud to announce it is bringing the critical notification solution to DeFi...
Push and Lens: Powering UX with Notifications and Aave’s Lens
Lens Protocol has joined the Push fam to bring web3 social media to the next level.. — We’re excited to announce the first protocol to use Push on the Polygon mainnet: Lens Protocol! Since its launch in January 2022, Push has powered over 17 million decentralized notifications to over 60,000 subscribers, becoming the de facto communication layer for web3. Our recent announcement of support for the Polygon network marks a new phase for Push and the world of multi-chain communication. We could not be more thrilled for the incredible team at Lens to be the first to integrate Push and power push notifications for their users. — Lens and Push: Communication for Web3 Social Media - Censorship-resistant dapps are steadily replacing centralized social platforms like Twitter, Instagram, and TikTok. Every day, we see an increased demand for social apps that allow content ownership and free speech. Lens Protocol is the building block of web3 social. It enables the development of decentralized social applications that can be used to create, own, and monetize their content without the risk of censorship. Launched in May 2022 by Aave Companies, Lens Protocol’s tech stack for building decentralized social apps is live on Polygon and is already powering over 100 decentralized social media dapps. Those include: Lenster, a decentralized Twitter; Lenstube, a decentralized video-sharing, think TikTok and YouTube; Refract, a de...
Push Protocol Launches on Polygon, Enabling Communication for Thousands of dApps
Push Protocol Launches on Polygon, Enabling Communication for Thousands of Dapps - Today, we’re thrilled to announce that Push Protocol, previously Ethereum Push Notification Service (EPNS), has launched on Polygon, enabling seamless, web3-native communication to the thousands of Polygon dApps and hundreds of thousands of active users. The Push Protocol launch on Polygon’s mainnet means that Polygon app developers can immediately begin integrating Push into their apps, launching channels, and enabling notifications for users (start here). Soon, Push Protocol will announce launch partners to allow users to begin subscribing to live channels, opting to receive notifications when certain on- or off-chain conditions are met. — Polygon & Push - @PolygonPolygon, previously Matic Network, is a suite of layer 2 protocols backed by an ecosystem of next-generation apps. Polygon has a range of products that aim to solve the underlying challenges with traditional blockchain architectures, all while improving the user experience for end-users to support the mass adoption of web3 products and services. Push Protocol’s launch on Polygon will address the lack of communication between apps and users to support the Polygon ecosystem in improving the web3 user experience. More than 37,000 apps are built on Polygon, offering a tremendous opportunity to create custom communication channels and user-based messages that users, de...
EPNS Rebrands into Push Protocol, the Communication Protocol for Web3
Future of web3 communication. — TL;DR: Ethereum Push Notification Service (EPNS) is rebranding into Push Protocol. The rebrand signifies the network’s move beyond Ethereum to other blockchains and beyond push notifications to all forms of communication. The existing channels, notifications, $PUSH token, and app all remain unchanged. Learn more at push.org. Dear EPNS family, Today, we are announcing a significant milestone for the protocol and community: EPNS is rebranding to Push Protocol! The rebranding of EPNS will take effect today. All existing EPNS implementations will remain the same, but the rebranding marks the beginning of the next phase of decentralized communication in web3. The groundwork for the rebrand from EPNS to Push Protocol was laid a long time ago. This next step marks the beginning of two fundamental evolutions in EPNS Moving beyond Ethereum to other L1s and L2s, Moving beyond push notifications to all forms of communication, Push Protocol will continue to evolve by enabling flexible and decentralized middleware that serves as a public good to solve the decentralized communication problem. A communication protocol must be able to adapt to changing environments, constantly meet user needs and communication methods, and facilitate easy upgrades to be considered future-proof. The web3 communication layer of today should not look the same in twenty years, as we will likely change how we communicat...
EPNS Allies With Commonwealth to Bring Governance Notifications to Users
EPNS and Commonwealth strike a strategic alliance to bring decentralized push notifications for users.. — Commonwealth, the all-in-one platform that lets projects simplify their community management and governance, joins forces with EPNS to enable direct communication with platform users. As such, users of Commonwealth are poised to receive decentralized push notifications pertaining to the governance process. These notifications increase user participation and keep users updated about every step in the governance lifecycle. — Commonwealth: On-chain Governance Simplified - Commonwealth is all-in-one governance and community management protocol. On this platform, anyone can create a community, link their governance contracts, and manage their communities with ease. The core functionalities of Discourse, Snapshot, on-chain voting, synchronous chat tools, and network analytics are all available on one platform for users Whether it is community discussions, treasury management, crowdfunding, or decentralized governance, crypto projects can rely on one go-to platform, making the process easy and accessible. As such, the platform can benefit from a communication medium that keeps users updated about all the steps in the governance and discussion processes, encouraging user participation. This is where EPNS plays a key role. — What Does the Collaboration Entail - Through our collaboration with Commonwealth, we en...
An Introduction to Push Notification (Part 2.2): Governance Use Cases
“A proposal to decrease the unbounding period, is passing with 2% in favor with two days left to vote.”. — Effective decentralized governance requires massive coordination efforts and requires adaptable communication methods. Many on-chain governance systems have low voter turnout, which is a result of many things, one being poor user experience. What if you’re a core contributor to the DAO, trusted by the DAO to uphold specific responsibilities and keep the community informed? Updates to the DAO can be transmitted over a communication channel to tell community members about the latest updates and what to look out for directly on their accounts. Web3 communities must start to limit their dependence on platforms like Discord for their communication and use EPNS’ communication channels to serve information to the community directly. As a core contributor to a DAO, who the members trust to uphold specific responsibilities, you can keep members informed in real time. Some fallbacks can be implemented, as dapps can immediately notify users of potentially malicious behavior of a core contributor or representative of the DAO based on that individual’s on-chain events. Imagine how many incidents EPNS can prevent with a simple communication channel integration. — A Communication Layer Empowers Decentralized Creativity - We’ve heard it a few times — web3 needs push notifications; end users and developers n...
Here comes the all-new EPNS-SDK (MonoRepo Framework)
Here Comes the All-New EPNS-SDK (Monorepo framework) - Hello builders, 👋 EPNS is super excited to officially announce the release of its new EPNS-SDK monorepo structure, an imperative step towards improving the developer experience as well as simplifying the overall process of developing on top of the EPNS protocol to a great extent. The new SDK framework can, technically, be seen as the union of our multiple front-end and backend SDKs for the different environments (production as well as staging). While the old SDK required developers to work with a different set of SDKs to perform any specific task, the new monorepo structure combines them into one. This leads to improvement in code consistency, and development speed as well as providing adequate accessibility for developers to read, build or contribute to the protocol. However, before diving deep into the interesting details of the new EPNS SDK, let’s quickly understand the monorepo structure. — What exactly is a monorepo? - In very simpler terms, monorepo can be understood as a single repository that is capable of storing or hosting all the software code referring to more than one project, library, or service with well-defined relationships.Courtesy: monorepo.tools# Why use the monorepo structure? Leveraging the power of monorepo has been a standard industry practice as this structure is used by some major software firms including Google, Facebook Uber, etc to ...
Loan Update: High Utilization or Low Liquidity, Please Check Your Position
An Introduction to Push Notification: Part 2.1. — Part 2 of the An Introduction to Push Notification series will focus on use cases for push notifications in web3, and demonstrate how the web3 communication layer is the missing piece for the next iteration of the web. In this post, we will focus on decentralized finance (DeFi). While there are trade-offs to be made, DeFi should not be a step back in financial processes or user experience. The web3 communication layer enables solutions to increase the DeFi experience significantly. Let’s take some time to consider some of the current pitfalls in DeFi. All financial products come with a degree of uncertainty. In centralized finance, uncertainties exist around safety, security, privacy, data integrity, and trust. However, centralized financial products work well for what they are supposed to do, with the caveat that the financial service provider controls the product and its usage. These products usually have sufficient user experiences with appropriate measures to inform users about essential information. An example: Modern financial systems use server pushes to send different information based on account activity. For instance, if you conduct a transaction from a foreign IP address, your bank’s server may push a notification to you through one (or many) information channels you are subscribed to, informing you about the transaction as a security precaution. By desi...
EPNS Monthly Blocks
August 2022. — This August was definitely a wild ride and we couldn’t have had more fun.🎢 Let’s take a look at all the happenings this month! — Development 🏗️ - The Development team had a very busy and successful month. New features, improvements & optimizations, and lots of progress on all fronts. One of the biggest news we released this month is the official launch of the SNS Module for Push Delivery Nodes. A decentralized solution for devs to receive web3 communication directly to the platform they are building. Watch the video on how the Simple Notifications Service (SNS) module works. Now, let’s go over the other cool features and optimizations that have been in the works: Analytics Dashboard backend integration is in progress and soon to go Live!, Delivery Nodes work in progress to enable frictionless delivery of the notification and chat to wallets, Push Node optimization and standardization are in the final stages of QA., Wallet to Wallet finished UI and UX fine-tuning and now the team is working on integration testing., The UI of Send Notification page of the EPNS dapp is being enhanced to improve user experience., Working on Push Improvement Proposal through which users can submit proposals in EPNS Protocol!, The EPNS SDKs are moving to monorepo structure and all Developer docs for mono-repo SDK and SNS are being added to the EPNS Docs hub., We greatly appreciate all the feedbac...
More Ethereum Push Notification Service (#PUSH) News
|Starbucks Leverages Polygon for Web3 Push, Coffeehouse Chain to Issue NF...
On September 12, the multinational chain of coffeehouses, Starbucks, announced the firm has partnered with the blockchain project Polygon and unveiled the company's Web3 technology called Starbucks Odyssey. The Web3 platform Starbucks Odyssey will provide Starbucks rewards members and the company's U.S. employees with the opportunity to earn non-fungible token (NFT) assets.Coffeehouse Company Announces Web3 Platform Starbucks Odyssey
Starbucks has immersed its feet into blockchain, Web3, and NFT technology by revealing a new Web3 application powered by Polygon. '[The] new Starbucks Odyssey experience will offer members the ability to earn and buy digital collectible stamps (NFTs) that will unlock access to new, immersive coffee experiences,' the company's corporate stories and news page notes. 'As one of the first companies to integrate NFTs with an industry-leading loyalty program at scale, Starbucks will create an accessible Web3 community that will enable new ways to engage with members and partners (employees).'
Polygon also confirmed the partnership on Twitter and in a blog post called 'Starbucks Taps Polygon for Its 'Starbucks Odyssey' Web3 Experience.' In the blog announcement, Polygon states:
This one-of-a-kind loyalty program experience is powered by the low fees and high transaction speeds on the Polygon PoS network.
Starbucks Odyssey Experience to Launch 'Later This Year'
Starting today, Starbucks customers and employees can join the waitlist in order to get an ex...
|Cardano On White House Crosshair Can Push ADA Up This Route
The recent White House announcement has placed the spotlight on Cardano as the leading Proof-of-Stake blockchain that’s currently on the market. This recent news follows the announcement of the Vasil upgrade which aims to improve usability and scalability.
A simple Twitter search of ADA will result with tweets of happy and confident traders and investors.
“Here is the White House energy report showcasing #Cardano as the largest proof of stake blockchain in the world. Probably something,” said Dan Gombardello in a recent tweet.
At the day of the announcement, ADA’s price went up 7.43 percent with a high of $0.5243 before stabilizing at the range $0.5215 to $0.4992.
Using the regression trend tool, we can clearly see an uptrend forming even several days before the White House announcement. This uptrend formed clearly after the recent crash in the early half of August.
Cardano Gets Some Lift From White House Announcement
During this crash, the coin experienced a 25.18 percent drop in price. It continued stabilizing at the $0.4354 support line. Trade volumes have also risen since the announcement at 3.63 million.
This solid but slow uptrend coupled by the announcement further solidified confidence in the coin.
Trade indicators also point to buy signals as the price further stabilizes at the 50% percent Fib level which sits at the $0.4992 range. The bulls have also tested the 38.2...
|Ford Files 19 Trademark Applications Preparing a Possible Metaverse Push
Leading automotive company Ford has filed 19 trademark applications related to possible metaverse activities. In the documents, the company hints at the potential launch of Ford-branded NFTs (non-fungible tokens) on its own marketplace, and also refers to the offering of virtual models of its cars, including Mustang, Mustang Mach-E, and the Bronco.
Ford Hints at Metaverse Move
Ford, one of the biggest U.S.-based automotive brands by sales, has introduced several trademark applications to the U.S. Patent and Trademark Office (USPTO), preparing for a potential push into the metaverse. The company is seeking to protect its activities in the therein, including the offering of Ford-branded NFTs on an NFT marketplace of its own. These NFTs might contain text, audio, or video related to the brand.
Part of these applications seeks to protect the digital representation of some of Ford's most popular models, including the 150 Lightning, Lincoln, Ford, Lightning, Bronco, Explorer, Raptor, Mustang Mach-E, Transit, Escape, Expedition, Maverick, Ranger, and Mustang.
Also, digital clothing containing references to the brand, and digital spare parts of any of the previously mentioned models are covered in the trademark applications. This might be one of the first steps in an organized digital strategy of Ford, according to USPTO-licensed attorney Mike Kondoudis, who claimed the company was making a 'big move' into the metaverse with these filings.
|Helium (HNT) Recovers With Double-digit Gain, Can Bulls Push to $12?
Despite a strong bullish run in recent months, Helium (HNT) was unable to hold its ground against tether (USDT), with the price falling from an all-time high of $50 to around $5. The recent price increase in Bitcoin (BTC) has had a positive impact on the overall market, as most altcoins continue to show strength, producing more than 100% gains, with Helium (HNT) price also in the picture due to its impressive recovery. (Data from Binance)
Helium (HNT) Price Analysis On The Weekly Chart
The price of HNT has struggled to replicate its recent bullish move, which saw the price rally to $50 with a strong bullish sentiment.
After falling from a high of $50 to a low of $4, HNT has struggled to stay afloat. HNT has formed strong support at $4, which appears to be a good area for most traders to place buy orders.
HNT's price could end the week on a more bullish note ahead of a new weekly candle. With such strong sentiment, HNT could reach a high of $8 and possibly $12.
The price of HNT is facing resistance at $6.5 as it cannot trend higher in price; if HNT flips this region, we could see the price rising to $8-$10 and even higher.
Weekly resistance for the price of HNT - $6.5.
Weekly support for the price of KNC - $4.5.
Price Analysis Of HNT On The Daily (1D) Chart
Daily HNT Price Chart | Source: HNTUSDT On Tradingview.com
The price of HNT was rejected from $25 as it fell to a low of $4; the price of HNT bounced from this after forming support to withstand sell orders.
|Optimism (OP) Flashes Double-digit Gains, Can Bulls Push Price To $2?
The price of Optimism (OP) has struggled against tether (USDT) in recent weeks after seeing its price rejected from $2.5. Bitcoin’s (BTC) price showed some great strength bouncing off from a low of $18,500 to a high of $21,000. This movement has affected other altcoins as most cryptocurrencies produce double-digit gains, including Optimism (OP). (Data from Binance)
Optimism (OP) Price Analysis On The Weekly Chart
The price of OP has had difficulty replicating its bullish move that saw the price rally to $2.5 in recent months as it rallied with a good bullish sentiment.
After falling from an all-time high of $2.5, OP has struggled to stay afloat as the price fell to a low of $1. OP price has formed good support at $1 with what looks like an area of interest for buyers and investors.
The price of OP closed the week on a high with the new week looking more bullish; this shows strength to recover, and with this momentum from OP, we could see the price revisiting the $2 mark, where it will face resistance to trend higher.
The price of OP is faced with resistance at $2, and if the price of OP flips this region, we could see the price going to a region of $2.5 and even higher.
If the price of OP sustains this bullish bias, the price has a better chance of breaking past $2 and going higher with good buy volume.
Weekly resistance for the price of OP - $2.
Weekly support for the price of OP - $1.
Price Analysis Of OP On The Daily (1D) Chart
Daily OP Price Chart | Sou...
|Central Bank Chairs Push Bitcoin Price To The Downside, Will BTC Bounce ...
The Bitcoin price is hanging by a thread as it retraces its gains from yesterday’s trading session. Once again, macroeconomic forces seem to be taking over the price action as the number one cryptocurrency by market capitalization looks into the abyss of a potential fresh leg down.
At the time of writing, Bitcoin price trades at $19,077 with a 5% loss and a 1% profit in the last 7 days and 24 hours, respectively. BTC is looking at two potential support levels in short timeframes to prevent further downside.
BTC's price moving sideways on the daily chart. Source: BTCUSDT Tradingview
Bitcoin Price Reacts Bearish To ECB Interest Rates Hikes
Today was poised to be a volatile day as the Chairmans of two of the world’s largest central banks, the European Central Bank (ECB) led by Cristine Lagarde and the U.S. Federal Reserve (Fed) led by Jerome Powell, made important announcements.
The ECB announced a 75-basis point interest rate hike, the biggest in its history. In the coming months, the financial institution will continue to hike as they aim to “dampen demand and guard against the risk of a persistent upward shift in inflation expectations”.
In addition to stopping inflation, the same target as the U.S. Fed, the ECB is looking to slow the Euro from crashing against the U.S. dollar. In light of the current macroeconomic uncertainty and the spike in global energy, people have been fleeting to the dollar.
This has led to a crash in the European currency, leg...
|TA: Bitcoin Price Holds Strong, Why ETH Could Push BTC Higher
Bitcoin is consolidating above the $19,500 support against the US Dollar. BTC could start a major increase considering the recent rise in ether.
Bitcoin is still trading in range near the $20,000 zone and below the $20,500 resistance. The price is now trading below the $20,000 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $19,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase unless there is a clear move below the $19,600 and $19,500 levels. Bitcoin Price Eyes Fresh Increase
Bitcoin price remained in a range below the $20,500 and $20,550 resistance levels. Recently, BTC formed a support base above the $19,600 level and started an upside correction.
There was a move above the $19,800 resistance level and the 100 hourly simple moving average. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $20,398 swing high to $19,600 low.
Finally, there was a spike above the $20,000 resistance. However, the bears were active near the $20,100 zone. Bitcoin price failed to clear the 61.8% Fib retracement level of the downward move from the $20,398 swing high to $19,600 low.
It is now trading below the $20,000 level and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $19,700 on the hourly chart of the BTC/USD pair.
Source: BTCUSD on TradingView.com
On the upside, an i...
|Robinhood Lists Cardano On Platform, ADA Price To Take A Push Upwards?
Popular U.S. brokerage platform Robinhood has listed Cardano (ADA) for its customer. Users will be able to trade the cryptocurrency starting today and gain exposure to its spot price.
According to the announcement, Robinhood listed Cardano due to popular demand. The cryptocurrency has been a retail favorite for years and has managed to make its way into the crypto top 10 by market capitalization.
Over the past months, Cardano (ADA) has moved between the third to the eighth most valuable cryptocurrency on the planet. At its high, ADA’s price was trading north of $3, but it has been trending to the downside with the rest of the market since late 2021.
At the time of writing, ADA’s price trades at $0.44 with a 2% loss in the last 24 hours and 7 days respectively following the general sentiment in the market. The Robinhood announcement is an important milestone for ADA as it could boost its adoption levels in the United States.
ADA's price trends to the downside on the 4-hour chart. Source: ADAUSDT Tradingview
At the time of writing, the cryptocurrency is yet to react to the announcement as the price of ADA continues to trade in the red with other large cryptocurrencies. The crypto market is highly influenced by current macro factors which could become a short-term hurdle for any potential Cardano rally.
In that sense, the price of Bitcoin and Ethereum provides important clues to the future performance of other cryptocurrencies. The number one crypto by market cap cu...
|Ticket Marketplace Giant Ticketmaster Chooses Flow Blockchain for NFT Pu...
This week, Ticketmaster Entertainment, Inc. revealed the company will give event organizers the ability to mint non-fungible token (NFT) tickets via the Flow blockchain. Last November, Ticketmaster said it was working with Polygon but since Super Bowl LVI, the ticket sales and distribution behemoth started working with the Dapper Labs-managed Flow.Ticketmaster Has Minted More Than 5 Million NFTs Using Flow's Technology
On August 31, 2022, a sportsbusinessjournal.com report detailed that Ticketmaster will allow event organizers to issue NFTs using the Flow blockchain. Organizers will be able to mint NFTs before, during, or after an event and they can represent tickets or memorabilia, VIP access and rewards as well. The report notes that the ticketing agency has already minted 5 million NFTs via the Flow network.
Clients that have issued NFTs include The Black Crowes, the Apollo Theater, and Gavin DeGraw. Ticketmaster originally said it would use Polygon but in February the world's largest ticket marketplace decided to use Flow for the Super Bowl LVI NFT tickets.
Flow already works with the NFL via the partnership it worked out for the 'NFL All Day' NFTs. Furthermore, the Dapper Labs operated Flow was also leveraged to mint 'NBA Top Shot' NFTs and 'UFC Strike' NFTs. Furthermore, NFL game attendees can get Flow-issued NFT tickets from over a hundred games from the 2022 season.
Flow Says 'Ticketmaster Is Empowering Event Organizers'
All-time statistics from the NFT data aggregato...
|TA- Near Protocol Struggles With Resistance, Can Bulls Push Price To $6?
The price of Near Protocol (NEAR) showed bullish signs of going higher to a region of $6-$7, but the price was rejected back to its support area, where it has found high demand for its price. Bitcoin (BTC) and Ethereum (ETH) all saw a relief bounce from their monthly low, leading to altcoins like Near Protocol (NEAR) having a measure of relief bounce. (Data from Binance)
Near Protocol (NEAR) Price Analysis On The Weekly Chart
The price of NEAR showed some great bullish strength after breaking above its weekly resistance of $4.7 and traded to a high of $5.9 before seeing a rejection back to its key support area.
NEAR’s price has again shown bullish strength after closing the week, looking bearish on the weekly chart.
The price of NEAR is currently trading below a key resistance on the weekly timeframe; NEAR needs to break this resistance with good volume to have a chance of trending higher to a region of $6 and possibly $7.
Weekly resistance for the price of NEAR - $4.7,$6.
Weekly support for the price of NEAR - $3.
Price Analysis Of NEAR On The Daily (1D) Chart
Daily NEAR Price Chart | Source: NEARUSDT On Tradingview.com
The price of NEAR found its daily low at $3.7, forming good support as the price bounced off the area. NEAR price has rallied to a region of $4.7, where it has been faced with resistance to breaking above for the price of NEAR to trend to higher heights.
Despite being rejected in recent times from the $6 mark, NEAR price has shown great bul...
|Solana Price Faces Bearish Momentum, Next Move Could Push SOL To $28
Solana price witnessed a strong bearish pull as major market coins also depreciated significantly on their charts.
The altcoin fell by 6% over the last 24 hours. In the past week, Solana lost 14% of its market value.
The bulls were trying to defend the coin at their nearest support level, however, the coin met with a sell-off over the past 24 hours.
Over the last few days, Solana was trading sideways above its support level of $34. The recent depreciation on the chart caused SOL to fall below its immediate support level.
If Solana price continues to move on the same price trajectory, a fall below its present price level will be inevitable. The technical outlook for the coin pointed towards bearishness.
Selling strength shot up over the last 24 hours as buyers lost confidence. A move below the $31 price mark will cause SOL to revisit the $28 price level.
The global cryptocurrency market cap today is at $1.01 Trillion, with a 3.5% negative change in the last 24 hours.
Solana Price Analysis: Four-Hour Chart
Solana was priced at $31 on the four-hour chart | Source: SOLUSD on TradingView
SOL was trading for $31 at the time of writing. The coin just lost the support of the $34 level and was eyeing the next support level.
The closest support line for the coin stood at $28. Overhead resistance for the coin stood at $37. In case the coin manages to revisit the $34 level, a move above that price level could be expected.
In case Solana price is unable to remain at its present level, a m...
|USDC Exchange Reserve Spikes – Can This Help Push Bitcoin Back Up?
On-chain data shows the USDC exchange reserves sharply rose recently, something that could help push Bitcoin back up after the latest drop.
USDC Exchange Reserve Observes Sharp Rise In Recent Days
As pointed out by an analyst in a CryptoQuant post, the large amount of USD Coin that flowed into exchanges recently could be deployed to act as fuel for Bitcoin.
The 'exchange reserve' is an indicator that measures the total amount of USDC currently sitting in wallets of all centralized exchanges.
Since stablecoins are tied to fiat (which in the case of USDC is USD), their value is as constant as the fiat currency itself. Because of this, investors often take shelter by shifting coins like Bitcoin into stablecoins during times when they want to avoid the volatility generally associated with much of the crypto market.
Once these investors feel the prices are right to dive back into the volatile markets, they exchange their stables for whatever crypto they want to buy into.
An especially large amount of buying from such holders can therefore help propel the prices of the major cryptos like Bitcoin.
Now, here is a chart that shows the trend in the USDC exchange reserve over the last few months:
The value of the metric seems to have jumped up in recent days | Source: CryptoQuant
As you can see in the above graph, the USDC exchange reserve has usually made a top around when the BTC price has slid down in the last few months.
Following this top, the reserve has started declining, while...
|Reddit Launches Collectible Avatars on Polygon in its Latest NFT Push
American social media platform Reddit has launched a new blockchain-based marketplace and a collection of collectible avatars. They can be used as profile pictures and purchased for a fixed price ranging from $9.99 to $99.99.
“In this series, Collectible Avatars are limited-edition avatars made by independent artists, in partnership with Reddit, and provide owners with unique benefits on the Reddit platform.
If someone sets their Collectible Avatar as their avatar on Reddit, they can mix-and-match the avatar gear with other Reddit avatar gear and accessories, and their profile image in comments sections will have a glow-like effect,' the company said in a blog.
Reddit's foray into the NFT space came in January when it announced the testing of a feature that allowed users to use their NFTs as profile pictures. Twitter had launched a similar feature a week before Reddit did it.
Reddit's Collectible Avatars
These collectible avatars will be minted on Ethereum-compatible blockchain network Polygon, Sandeep Nailwal, CEO and co-founder of Polygon, announced in a tweet.
Reddit said it chose Polygon for its lower transaction costs and commitment to sustainability issues.
Buyers can use debit or credit cards to pay for the avatars in fiat. They can use Reddit's blockchain-based wallet - Vault, available on Reddit App - to store and manage the collectibles.
The owners of these collectible avatars will have a license to use them on other onlin...
|TRON With Over 100M Users, Celebrates Mainnet 4 Anniversary, Announces H...
[PRESS RELEASE - Please Read Disclaimer]
Geneva, Switzerland / June 28 / – TRON user accounts have reached 100,048,526, officially breaking the 100 million ceiling, according to data from the blockchain browser TRONSCAN, as of June 25. On the same day, TRON Mainnet celebrated its 4-year anniversary since network independence.
Launched in May 2018, the mainnet of TRON is one of the three major public chains worldwide and remains committed to building the infrastructure for the decentralized internet. As a result, TRON has become one of the world's largest and longest-running blockchain platforms.
TRON integrated BitTorrent into its ecosystem in July 2018, a pioneer in peer-to-peer file-sharing protocol and Web3 services. Its distributed technology allows creators and consumers to have autonomous control over their content and data while being innovative and highly scalable, with more than 170 million monthly active users.
Since 2021, TRON has substantially grown its presence in the NFT sector. In March 2021, the TRON-based TRC-721 NFT standard was established, which helped improve one of the world's largest distributed storage systems, BitTorrent File System (BTFS), to support NFTs and blockchain-based assets. The community has since built a comprehensive infrastructure and partnered with GameFi and NFTFi projects deploying on the TRON blockchain, such as APENFT Marketplace and WIN NFT Horse.
Currently, the total number of transactions on TRON has exceeded 3.4 billion, ...
|Cardano Resists Downward Pressure, Can ADA's Price Push Bears Away...
Cardano (ADA) has been following the general sentiment in the market. The second crypto by market cap Ethereum (ETH) records a 30% loss over the same period, Binance Coin (BNB) a 24%, Solana (SOL) a 24% loss, and XRP an 18% loss in the past 7-days.
BTC trends to the downside on the 4-hour chart. Source: BTCUSD Tradingview
Cardano’s developer Input Output Global (IOG) recently announced two products that could contribute to ADA’s price short-term strength. The company revealed a new wallet called Lace, and the deployment of a new Ethereum Virtual Machine (EVM).
Lace is aimed at being Cardano’s new light wallet and to help it gain more adoption. The wallet will provide users with “enhanced capability and ease of use”. IOG said:
IOG is developing Lace ? a ‘one-stop-shop’ for all blockchain operations. This new platform will be feature-packed, yet lightweight, streamlining online finance. Acting as a portal to Web3.0, Lace will encompass elements of true decentralization.
On the other hand, the EVM was deployed on one of Cardano’s testnet. This tool will enable developers to build or migrate their solidity-based applications. Sebastian Guillemot, CTO at infrastructure builder dcSpark, believes the EVM on Cardano will allow the ecosystem to become a Cosmos or Polkadot-like blockchain.
This could enable products to launch independently from the Cardano mainnet and develop their own dynamics. In the future, this could promote growth a...
|Fresh Gains Push Bitcoin Back Into the World's Top 10 Most Valuabl...
While bitcoin has lost more than 16% in value against the U.S. dollar during the past 30 days, the cryptocurrency's market capitalization is still the tenth-largest asset by market valuation. With $603 billion in market value, bitcoin is above Meta's (formally Facebook) capitalization and just below Berkshire Hathaway's overall valuation.Despite Losing Over 16% in a Month, Bitcoin Is Still the 10th Most Valuable Asset Worldwide
The leading crypto asset bitcoin (BTC) has had a rough few weeks in terms of market prices dropping. A month ago today, BTC was 16.4% higher in USD value as the recent stock market carnage and the Terra LUNA and UST fiasco contributed to bitcoin's losses. However, in terms of market dominance, BTC's market capitalization among more than 13,000 cryptocurrencies is now over 44% of the $1.36 trillion crypto economy.
While BTC is the number one leading crypto asset today in terms of market valuation, the crypto asset's market cap makes it the tenth-largest in terms of all the major market capitalizations stemming from the likes of companies like Apple and Amazon, alongside precious metals like gold and silver.
Today, gold is the largest market capitalization among the 6,265 commodities and companies that make up $86.516 trillion in USD value. One ounce of fine gold today is exchanging hands for $1,848 per unit and it has an overall valuation of $11.737 trillion. Companiesmarketcap.com metrics currently show bitcoin's $603 billion market cap equates to 5.1...
|Sony Announces Metaverse Push in Latest Annual Corporate Strategy Meetin...
Sony, the global electronics giant, has announced it will take a more focused approach when it comes to metaverse experiences as part of its entertainment strategy. The company that owns the Playstation brand revealed that prior investments in Epic, makers of the Fortnite game, and Bungie, another gaming studio, are part of this new push.
Sony to Take Metaverse Seriously
Gaming and entertainment brands are now trying to integrate metaverse experiences to entice more users to enter their ecosystems. Sony, one of the most influential companies when it comes to entertainment and gaming, has announced its interest in including more metaverse-inspired experiences to attract customers.
At an annual strategy meeting held this week, Sony Chief Executive Kenichiro Yoshida stated:
The metaverse is at the same time a social space and live network space where games, music, movies and anime intersect.
Sony's prior investments in other companies include Epic Games, the makers of popular online franchise Fortnite, and Bungee, creators of the Destiny series, and are part of this new focus. According to numbers presented by the company, more than 50% of the revenue in the last fiscal year came from Sony's entertainment division, which encompasses gaming, movies, and music-related services.
Playstation vs. Other Metaverse Players
Sony intends to use its Playstation brands to secure a place among the leaders in the metaverse industry. The Son...
|Ripple Commits $100M to Invest in Carbon Markets in its Latest Push for ...
Blockchain company Ripple has allocated $100 million to accelerate carbon removal activity and aid in modernizing such markets with the help of investments in innovative carbon removal firms and sustainable financial tech platforms.
According to the official press release, Ripple also plans to create a 'portfolio of additive, long-term, nature and science-based carbon credits, back innovative carbon-removal technology companies and market makers.'
Some of these will be utilized to meet its own commitment to accomplish net-zero in less than a decade. The funding will also focus on supporting new functionality and developer tools that allow carbon credit tokenization as core NFTs on the public blockchain - XRP Ledger (XRPL).
Speaking about the commitment, Ripple Chief Brad Garlinghouse stated,
'Our $100 million commitment is a direct response to the global call to action for companies to help address climate change by deploying resources, including innovative technology, strategic capital, and talent. While reducing emissions and transitioning to a low-carbon future are paramount, carbon markets are also an important tool for meeting climate goals.'
He also went on to highlight that blockchain technology and the cryptocurrency industry too can play a catalytic role in facilitating carbon markets to achieve their full potential by driving more liquidity and traceability to what Garlinghouse believes is a 'fragmented, complex market.'
Monica Long, General Manager of RippleX, o...
|ETH Price Analysis: Warning Signs for Ethereum as Bears Push Below ...
The cryptocurrency market is still in a state of uncertainty and fear. Ethereum is no exception, and any upward attempt is faced with immediate sell pressure. Will the bulls be able to regain control of the market?
The Daily Chart
On the daily time frame, ETH is moving downward inside a falling wedge (in yellow). It is important to note that this wedge bottom is aligned with the horizontal support level of $1700 (in green), which can be a potential trend reversal point.
As a result, if the bulls can defend the green zone, the price will be more likely to move towards the static resistance at $2450. On the other hand, if the bears continue to suppress the market and break below the green support zone, the price is more likely to enter an extended regression phase.
Key Support Levels: $1700 & $1500
Key Resistance Levels: $2200 & $2450
The ETH/BTC Chart
Against Bitcoin, ETH is trading on dynamic support (in green) that has prevented further drops in price four times in the past. The main concern is that the bears have managed to make an unconfirmed break and appear to be in control of the situation. On the other hand, horizontal support at 0.065 (in orange) can also be considered a level to withstand the increasing bearish momentum.
If the BTC price breaks below a major static level, the entire altcoin market is historically proven to follow with an amplified corr...
|US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of ...
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country's financial stability. Treasury Secretary Janet Yellen brought up the terrausd (UST) fiasco as an example of why a comprehensive regulatory framework is urgently needed.Treasury Secretary Janet Yellen Testifies Before Senate Committee
Stablecoins have become a hot topic in Washington. Following Monday's terrausd (UST) fiasco, U.S. lawmakers are calling for the urgent regulation of stablecoins.
On Tuesday, U.S. Treasury Secretary Janet Yellen brought up UST as an example of a 'stablecoin run' during her testimony before the Senate Committee on Banking, Housing, and Urban Affairs on the Financial Stability Oversight Council (FSOC) Annual Report.
Senator Pat Toomey (R-Pa.) asked Yellen to confirm her view on the need to regulate stablecoins. 'I would like to ask if you can confirm for the record here that it is still your view that it is important, I would argue even urgent, for Congress to pass legislation governing the regulations of the payment stablecoins,' he said.
Yes, I'm happy to confirm that, Senator Toomey.
She continued: 'The president's working group issued a report concluding that the current statutory and regulatory frameworks don't provide consistent and comprehensive standards for the risks of stablecoins as a new type of payment products, a...
|TA: Ethereum Tumbles To $2.2K, Can The Bears Push ETH To $2K
Ethereum extended losses below the $2,500 level against the US Dollar. ETH even tested the $2,200 support and remains at a risk of more losses.
Ethereum remained in a bearish zone and declined below $2,300. The price is now trading below $2,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but the bears might remain active near $2,400. Ethereum Price Dives 10%
Ethereum remained in a bearish zone below the $2,500 pivot level. ETH traded below the $2,400 and $2,350 levels to move further into a bearish zone.
The price declined below the $2,300 level and settled below the 100 hourly simple moving average. Finally, ether tested the $2,200 support zone. A low is formed near $2,200 and the price is correcting losses. There was a move above the 23.6% Fib retracement level of the recent drop from the $2,569 swing high to $2,200 low.
On the upside, an initial resistance is seen near the $2,350 level. The first major resistance is near the $2,380 level. There is also a major bearish trend line forming with resistance near $2,380 on the hourly chart of ETH/USD.
Source: ETHUSD on TradingView.com
The main resistance is now forming near the $2,400 level. It is near the 50% Fib retracement level of the recent drop from the $2,569 swing high to $2,200 low. A close above the $2,400 level could open the doors for a decent increase. In the s...
|Cardano Prepares For Major Update, Will It Be Enough To Push Bears Back?
The Cardano network is preparing for its upcoming Hard Fork Combinator (HFC) event “Vasil”. Cardano Whales Go On $200M Shopping Spree
In fact, Cardano (ADA) price has been trending downside since the end of 2021 when it broke below $2 and has continued in that direction as larger cryptocurrencies re-test critical support levels.
At the time of writing, ADA’s price trades at $0.80 with a 5% loss in the last 24-hours and a 6% loss in the past 7-days. The cryptocurrency has been moving down in terms of market cap after becoming one of the top 5 in these terms, but there are indicators pointing to potential bullishness.
ADA trends to the downside on the 4-hour chart. Source: ADAUSDT Tradingview
Per a post from Cardano developer Input Output Global (IOG), they are focused on preparing the network’s node and consensus for the upcoming HFC “Vasil”. Expected in June 2022, this update will upgrade the mainnet “performance properties”.
“Vasil” is mainly aimed at making Cardano more efficient when processing decentralized applications (dApps) transactions. Thus, smart contract users on the network will benefit from a better experience.
The network introduced its smart contract capabilities back in 2021 with a series of Hard Fork Combinator events (HFC) which ended with the “Alonzo” upgrade. Since that time, the Cardano ecosystem has seen an important expansion.
Despite the growth, ADA’s trading volume has bee...
|Bitcoin's Hashrate Taps an All-Time High, Next-Gen Machine Deploym...
Bitcoin's hashrate has once again reached an all-time high (ATH) this year, as the network's processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin's value lost 6.2% against the U.S. dollar over the last two weeks.Bitcoin Hashrate Taps 275 Exahash
Just recently, Bitcoin's mining difficulty tapped an ATH at 29.79 trillion and it's currently the most difficult it has ever been to find a BTC block reward. On April 27, after coasting along at 28.2 trillion for two weeks prior, the network's difficulty jumped 5.56% higher.
Bitcoin miners have continued to keep the high-speed tempo going despite the difficulty rising. Moreover, over the last two weeks, BTC has shed 6.2% in value against the U.S. dollar. The price drop has also made it less profitable for bitcoin miners during the two-week downturn.
Despite those two setbacks, bitcoin miners have pushed the hashrate up to a new all-time high in terms of computational processing power. The hashrate reached the highest it's ever been at 275.01 EH/s on May 2, 2022, at block height 734,577.
The network previously reached an ATH 1,380 blocks prior to the 275 EH/s high at block height 733,197, on April 23. At that time, the ATH recorded was approximately 271.19 EH/s. Data shows that since block height 733,197, the overall hashrate increased 1.40% in seven days.
Soon-to-Be Deployed Next-Generation Miners
Seven-day statistics indicate that Fou...
|Grayscale Makes Fresh Push for European Expansion
The European market has emerged as a competitive space with issuers rolling out investment vehicles to cater to the increasing demand, and Grayscale wants a piece of the pie.
According to the Bloomberg report, Grayscale's Chief Executive Officer Michael Sonnenshein revealed holding meetings with several domestic partners in the region to discuss the timeline. However, details of which exchanges or countries in Europe it wants to rope in to offer products are not yet available. The exec also hasn't divulged any information about which offerings the company intends to launch first.
In the interview, Sonnenshein highlighted that even though the European Union is unified, Grayscale does not view the entire European market as one. He went on to add,
'Instead we’re going to be very thoughtful, very methodical about each of the financial centers and financial hubs that we ultimately launch in because we recognize the differentiation of investor behaviors and attitudes, and regulatory regimes.'
Grayscale's expansion news comes days after it made a fresh attempt to get approval from the Securities and Exchange Commission (SEC). In a letter to the commission, Grayscale focused on the legal detail to boost up its request. It is looking to convert its Bitcoin Grayscale Trust (worth roughly $40 billion) into an ETF.
The US regulatory watchdogs have been deliberating whether to approve the exchange-traded funds to hold Bitcoin, rather than derivati...
|DeSo to Push Its Tech Breakthrough Hypersync: a Fast and Scalable Way to...
[PRESS RELEASE - Lakewood, United States, 25th April 2022]
The decentralized social media landscape is changing rapidly as Elon Musk closes in on his bid to buy Twitter. More and more people are looking for a change as they are tired of 5 companies owning the world's information.
These big tech incumbents dictate what content we consume, whether we like it or not. While several other blockchains clamor to provide a solution, DeSo already has a growing ecosystem of 200+ social media applications.
“To power a financial application, all you need to really store is a few account balances for each user. In contrast, to power a social application, you not only need to store every post, like, follow, and much more, but you also need to index that data so that you can answer queries like 'who is this person following' or 'what are this person's recent posts?' This is something that blockchains have historically been incapable of at scale.” Founder Nader Al-Naji said.
DeSo is set to push their much anticipated Hypersync upgrade live that is orders of magnitude faster than traditional block synchronization.
What is Hypersync?
Hypersync is a fast and scalable way to download a blockchain. Traditional blockchains aren’t designed for decentralized social media apps because they’re too expensive.
DeSo engineer Piotr Nojszewski explains “Hypersync is a new approach to node synchronization designed for infinite-state blockchains that are orders of magnitude fast...
|Economist Predicts the Fed's Response to Inflation Will Push Crypt...
Allianz Chief Economic Advisor Mohamed El-Erian says that the Federal Reserve's response to inflation will cause the prices of cryptocurrencies, like bitcoin, to 'go higher.' He noted: 'That's what you get when you've waited too long to recognize what inflation is and to take action.'
Predictions by Allianz's Chief Economist
Economist Mohamed El-Erian discussed the U.S. economy, the markets, and the Federal Reserve's response to inflation in an interview with CNBC Monday.
El-Erian is the president of Queens' College, Cambridge University. He is also Chief Economic Advisor at Allianz, the corporate parent of PIMCO, one of the largest investment managers, where he was CEO and co-chief investment officer.
I think the markets have understood that we have three issues. One is high, persistent inflation is with us. Two is the Fed is way behind, and three, the pathway for orderly disinflation is pretty narrow.
Due to these factors, the economist said that companies are now having questions about growth. He noted that investment bank Goldman Sachs came out Monday saying that there is a 35% probability of a recession in the next two years. 'That's a meaningful number, 35%,' El-Erian stressed.
'So, the big question is: can we navigate this inflation growth landscape that has become much more difficult?' he noted, adding that 'Bank CEOs, they are worried about the macro environment.'
The Restoration of Value
The Allianz chief economic advisor was asked about the long-term ...
|Brazil's Push to Crypto Adoption and What Does it Mean (Op-Ed)
This week lawmakers in Brazil pushed to advance a bill that would legalize and regulate cryptocurrency— the National Congress of Brazil’s House bill 4401/21.
Senator Iraja Abreu, who sponsored a Senate version of the bill (Senate bill 3825/19), dropped his version in favor of the House bill, carrying some provisions over to 4401-21.
Bom Trabalho! (That’s Portuguese for “Good work!”)
Employing some deft parliamentary maneuvering, Abreu advanced the bill through Brazil’s legislative process. That’s because the Chamber of Deputies (Brazil’s lower house) has already approved 4401/21, so now it only needs to make it through the Federal Senate to get the full legislature’s sign-off to become law. (It’s already been approved by the Brazilian Senate’s economic affairs committee).
If passed into law, the bill would put into place a comprehensive legal and regulatory framework that would affect cryptocurrency businesses, merchants who accept cryptocurrency, investors, and crypto wallet holders who use digital currencies to make payments for goods and services.
That will ostensibly hasten crypto adoption in South America’s largest country, where legislators are merely catching up to a fast-paced, growing crypto industry in Brazil. Rio de Janeiro began accepting bitcoin for tax payments earlier this year, the first Brazilian city to do so.
Many countries in Central America are also racing to welcome crypto into ...
|Can The 600-Day MA Support Line Push Bitcoin Again?
Charts show the Bitcoin 600-day moving average (MA) has once again met with the BTC price curve, will the line act as support for the crypto once again?
Bitcoin Price Curve Is Once Again Touching The 600-Day MA
As pointed out by an analyst in a CryptoQuant post, the BTC price has once more dropped down to the 600-day MA support line.
A 'moving average' (or MA in short) is an analytical tool that averages a given quantity over a specific period of time, and constantly updates itself as time passes and the value of said quantity (the price of Bitcoin in this case) changes. Hence the 'moving' in the name.
MAs can be quite useful for analysis as they smooth out the price curve by hiding any local random fluctuations. Over the past month, the crypto has accumulated 2% in gains.
The below chart shows the trend in the price of the coin over the last five days.
Looks like the price of BTC crashed down a few days back | Source: BTCUSD on TradingView
After holding above the $40k level for almost a month, Bitcoin seems to have once again declined below the level.
|IOST sets up $100M fund to push growth of EVM multi-chain ecosystem
The IOST Foundation, the organization behind the IOST blockchain, a gas-efficient proof-of-believability-powered smart contract platform, announced today together with venture capital institutions and ecosystem partners, the launch of a new $100 million USD incentive fund for EVM developers, aiming to incubate projects and propel the growth of IOST’s multi-chain ecosystem.
On March 31, 2022, IOST unveiled Project Entroverse, a roadmap goal to build a growing, interoperable, and interconnected blockchain network.
This newly announced 100 million USD fund under Project Entroverse targets developers around the world, and consists of the “New Ecosystem Fund” and the “Accelerator Fund.'
New Ecosystem Fund to expand IOST’s on-chain applications, mainnet infrastructure, and tools.
Accelerator Fund will provide capital, FA, and bonuses to development teams and projects via IOST.
Big Candle Capital (BCC) Seeks to Fuel IOST and More
The leading investor of the fund is Big Candle Capital. The scope of this exclusive fund is not limited to applicants developing dApps on the IOST chain exclusively; all outstanding projects deployed on other EVM-compatible chains with multi-chain development plans are also welcome to apply for support.
Big Candle Capital is a venture capital firm established in 2017 by the IOST Foundation in conjunction with several investment institutions and ecosystem partner nodes. Big Candle Capital has invested in more than 80 projects,...
|Will Tim Cook's Apple Pay Push Slow Bitcoin Adoption? (Op-Ed)
The California Macintosh and iPhone maker is in the process of ramping up its proprietary financial services technology and increasing Apple’s lending to iPhone users of Apple Pay.
This is according to a Bloomberg report from earlier this week.
The Cupertino high-tech giant sounds serious about the project, dubbing the effort “Breakout” and seeking to replace its fintech partners with in-house solutions and infrastructure to bolster payments processing, credit checks, and other financial services.
Apple CEO Tim Cook Eyes Apple Pay Growth
That could scoop up a tidy sum of future profits from payments alone, as well as greater user enrollment into Apple’s “walled garden” of native apps and products. According to The Verge, there are over 1 billion active users of Apple iPhones worldwide.
Apple Pay’s current fintech service vendors, CoreCard (CCRD.N) and Green Dot (GDOT.N), who support the company’s credit and peer-to-peer remittances products, saw their shares drop steeply after the news broke Wednesday, 12% and 5% respectively.
The move by the Tim Cook-led computer and software maker is a classic Steve Jobs and returns Apple Pay to its traditional ethos of strict in-house command and control over all aspects of its product offerings.
While Apple Pay is a conventional digital wallet along the lines of PayPal, utilizing the company’s enormous cash reserves of USD and liquid USD equivalent securities to provide liquidity and b...